Horizon Wealth Management LLC Purchases New Shares in PGIM Ultra Short Bond ETF $PULS

Horizon Wealth Management LLC purchased a new stake in PGIM Ultra Short Bond ETF (NYSEARCA:PULS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,255,960 shares of the company’s stock, valued at approximately $62,497,000. PGIM Ultra Short Bond ETF accounts for approximately 11.0% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest position.

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in PGIM Ultra Short Bond ETF by 15.8% in the 1st quarter. JPMorgan Chase & Co. now owns 32,816,956 shares of the company’s stock valued at $1,631,987,000 after purchasing an additional 4,479,846 shares during the period. LPL Financial LLC boosted its stake in PGIM Ultra Short Bond ETF by 38.1% in the 1st quarter. LPL Financial LLC now owns 9,494,864 shares of the company’s stock valued at $472,180,000 after purchasing an additional 2,618,786 shares during the period. Temasek Holdings Private Ltd bought a new stake in PGIM Ultra Short Bond ETF in the 1st quarter valued at $250,500,000. Raymond James Financial Inc. boosted its stake in PGIM Ultra Short Bond ETF by 38.0% in the 1st quarter. Raymond James Financial Inc. now owns 4,365,027 shares of the company’s stock valued at $217,073,000 after purchasing an additional 1,202,781 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in PGIM Ultra Short Bond ETF by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,567,987 shares of the company’s stock valued at $177,436,000 after purchasing an additional 34,545 shares during the period. 72.71% of the stock is currently owned by institutional investors.

PGIM Ultra Short Bond ETF Price Performance

PULS opened at $49.81 on Thursday. The business has a fifty day simple moving average of $49.75 and a 200 day simple moving average of $49.68. The company has a market capitalization of $12.66 billion, a PE ratio of -23.95 and a beta of 0.01. PGIM Ultra Short Bond ETF has a 1 year low of $49.34 and a 1 year high of $49.84.

PGIM Ultra Short Bond ETF Company Profile

The PGIM Ultra Short Bond ETF (PULS) is an exchange-traded fund that is based on the ICE BofAML USD Libor 3 Month index. The fund is an actively managed bond fund that specializes in short-term, high-credit-quality debt securities denominated in US dollars. The fund seeks total return that is consistent with capital preservation.